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Finance Minister Launched HSBC India’s Green Hydrogen Partnerships

Finance Minister Launched HSBC India’s Green Hydrogen Partnerships

Finance Minister Launched HSBC India’s Green Hydrogen Partnerships: Finance Minister Nirmala Sitharaman in partnership with the IIT Bombay, and Shakti Sustainable Energy Foundation launched HSBC India’s strategic partnerships to enable innovation in green hydrogen. These two partnerships, with total grant support of ₹15 crore ($2 million), the bank said, will focus on innovation projects that will help prioritize green hydrogen as a strategic alternative fuel and help build a robust green-hydrogen economy.


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Aim: To provide a roadmap towards reducing carbon intensity in the economy and enable the creation of green job opportunities. 

Green hydrogen has a pivotal role to play as we counter climate change and work towards enabling a low-carbon and self-reliant economy. Sitharaman said the government is focused on driving growth through a range of green reforms. “This will provide a roadmap towards reducing carbon intensity in the economy and enable the creation of green job opportunities. Green hydrogen has a pivotal role to play as we counter climate change and work towards enabling a low-carbon and self-reliant economy,” said Sitharaman.

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